Arthur Hayes: A drop of approximately 30% in Tether's gold and Bitcoin holdings could theoretically lead to the bankruptcy of USDT.

According to Foresight News , BitMEX co-founder Arthur Hayes stated that Tether is conducting a large-scale interest rate transaction. If the Federal Reserve begins cutting interest rates, it could have a significant impact on its interest income. To mitigate this risk, Tether has begun investing in gold and Bitcoin. If its gold and Bitcoin investments were to experience a drop of approximately 30%, Tether's equity would face a crisis, potentially leading to the theoretical bankruptcy of USDT.